Looking for business Orientated etsy accountants?
Why choose city mill as your Etsy accountant?
Running an Etsy shop can be an incredibly rewarding way to showcase your creativity, but managing the financial side—such as tax compliance, bookkeeping, and accounting—can be overwhelming. At City Mill, we understand the unique challenges faced by Etsy sellers and creative entrepreneurs. Our team of expert accountants specialises in helping you stay on top of your finances, so you can focus on growing your brand and delighting your customers.
Whether you sell handmade crafts, vintage treasures, or digital products, we tailor our accounting services to your Etsy business. From understanding platform fees to navigating global tax rules for international sales, our team ensures your financial operations are streamlined and fully compliant with UK tax laws.
What makes us the ideal partner for Etsy sellers?
Specialist Expertise in Creative Businesses
We know the Etsy platform inside out, including listing fees, payment schedules, and managing income from international sales. Our services are specifically designed to meet the needs of creative entrepreneurs, helping you turn your passion into a thriving business.
Optimised for Handmade and Digital Sales
Selling on Etsy comes with unique considerations, such as managing small-batch inventory or processing digital downloads. We provide financial insights and tools to manage these aspects effectively, ensuring you have a clear understanding of your business’s profitability.
Customised Tax Advice
Whether you’re navigating VAT on international orders, income tax, or allowable business expenses, our tailored advice ensures you’re compliant while minimising your tax burden. For digital product sellers, we also assist with the complexities of EU VAT (MOSS) registration.
Time-Saving, Cloud-Based Solutions
We use leading cloud-accounting tools like Xero to automate bookkeeping, track expenses, and manage Etsy shop transactions. You’ll have real-time access to your financial data, letting you make informed decisions quickly.
Comprehensive Support Beyond the Numbers
We don’t just crunch numbers; we act as your strategic partner. From analysing sales trends to planning for seasonal demand spikes, we provide actionable insights to help your Etsy shop thrive.
Our Etsy Accounting Services​
Achieve your business goals.
Accounting for Etsy Shops
Whether you sell locally, ship internationally, or offer a mix of digital and physical goods, we manage your financial records to ensure everything is accurate and up to date. Our services help you optimise cash flow and plan for growth.
Tax Preparation for Etsy Sellers
Etsy businesses often face unique tax challenges, such as VAT for EU orders and self-assessment returns. We help you navigate these complexities, ensuring you claim all eligible deductions, from materials and marketing to shipping costs.
Inventory and Cost Management
Tracking materials, managing inventory, and calculating costs of goods sold are crucial for profitability. We provide tools and advice to streamline these processes, helping you identify the true cost of each product.
Etsy Specific Financial Reporting
Our KPI reports are tailored for Etsy sellers, tracking metrics like average order value, repeat customer rates, and the impact of Etsy ads. These insights help you refine your strategy and increase your shop’s profitability.
Global Sales Compliance
Etsy opens doors to a worldwide market, but international sales can bring tax complications. We assist with understanding customs duties, cross-border VAT requirements, and other regulatory hurdles.
Scalable Solutions for Growing Shops
Whether you’re transitioning from a side hustle to a full-time business or expanding your product line, we provide scalable accounting solutions to support your growth.
Advisory Services for Etsy Entrepreneurs
From product pricing strategies to understanding Etsy’s fee structure, our advisory services ensure your shop operates efficiently and remains competitive. We also help plan for long-term success, whether it’s scaling up or preparing for a future exit.
Pricing and Profitability Analysis
Setting the right price for your products is critical. We provide detailed profitability analysis, taking into account materials, labour, platform fees, and shipping costs, so you can price your items competitively while maximising returns.
Tax-Efficient Strategies
Maximising tax efficiency is key to keeping more of your earnings. We offer expert advice on allowable expenses, income structuring, and VAT optimisation, ensuring your business operates as tax-efficiently as possible.
Why Etsy Sellers Love City Mill
- Tailored Solutions: We understand the nuances of creative businesses and offer advice specific to your niche.
- Transparent Pricing: No hidden fees or surprises—just straightforward, reliable support.
- Long-Term Partnership: We’re committed to helping your Etsy shop thrive, not just today but in the future.
about city mill
While we offer the full range of services you’d expect from accountants and tax advisers, including tax returns and accounts preparation, our true expertise lies in realising your business goals. This includes scaling your business, identifying new opportunities, improving profitability, streamlining operations, and enhancing tax efficiency.
Situated in Whiteley, Hampshire, with convenient access along the M27 to Southampton and Portsmouth, as well as to Winchester via the M3, our location in the Solent area facilitates easy reach. However, our reach extends far beyond geographical boundaries. Serving clients throughout the UK, our organisational structure is designed to foster long-term partnerships, irrespective of location.
We can't wait to get started
Ready to take your Etsy shop to the next level? Contact City Mill to see how we can help you save time, stay compliant, and grow your creative business.